FASB Revises Timeline for Adoption of New Exposure Draft on Disclosure of Certain Loss Contingencies
On October 27, 2010, the Financial Accounting Standards Board met to further discuss the timeline for adoption of its Exposure Draft of a proposed Statement, Contingencies (Topic 450), Disclosure of Certain Loss Contingencies. For an overview of this Exposure Draft and the events leading up to its issuance, please see our previous blog on this subject.
SEC Releases Proposed Rules on Say-on-Pay, Say-on-Frequency and Say-on-Parachutes
On October 18, 2010, the SEC released proposed rules on "Shareholder Approval of Executive Compensation and Golden Parachute Compensation" which address three separate shareholder votes mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act for annual meetings of shareholders conducted on or after January 21, 2011.
Proxy Access on Hold - For Now
Yesterday, the SEC decided to stay the effectiveness of the proxy access rules pending resolution of a petition for review filed in connection with this lawsuit filed by the Business Rountable and U.S. Chamber of Commerce. As a result, proxy access will not take effect in 2010 and its potential applicability to the 2011 proxy season is in limbo.
KMK Securities Advisory Letters
Topics
- Rule 14a-11
- Rule 14a-8
- Public Company Transition Rules
- Performance-Based Compensation
- IRS
- Code Section 162(m)
- Corporate Law
- Proxy Access Rules
- Wall Street Reform
- Executive Compensation
- Corporate Governance
- Consumer Protection Act
- Tax Credit
- Qualifying Therapeutic Discovery Project
- Patient Protection and Affordable Care Act
- Health Care Act
- Corporate Tax
- Employment Incentives
- HIRE Act
- Social Security Tax
- Securities Law
- NYSE Rule 452
Contributors
Subscribe to RSS
Recent Posts
- ISS Announces GRId 2.0 and Publishes 2012 Pay-for-Performance Whitepaper
- S.E.C. Will Not Appeal Decision on Mandatory Proxy Access; Proxy Access on a Company-by-Company Basis Still a Possibility
- D.C. Circuit Vacates Stayed Proxy Access Rule
- IRS Issues Proposed Regulations Under Code Section 162(m)
- SEC Adopts Final Rules on Whistleblower Incentives and Protection
- SEC Proposes Revised Accredited Investor Definition
- Securities and Exchange Commission Adopts Say-on-Pay
- FASB Revises Timeline for Adoption of New Exposure Draft on Disclosure of Certain Loss Contingencies
- SEC Releases Proposed Rules on Say-on-Pay, Say-on-Frequency and Say-on-Parachutes
- Proxy Access on Hold - For Now
Other KMK Blogs
- Complex Litigation
- Corporate & Securities Blog
- Electronic Discovery Road Map
- Management Rights
- Real Estate Blog
- The Cutting Edge of IP
IRS Circular 230 Disclosure: Unless we have specifically stated to the contrary in writing, any discussion of federal tax issues or submissions in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the United States federal tax laws or (2) promoting, marketing, or recommending to anyone any transaction or matter addressed herein.